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Wednesday, May 31, 2023

    Landstar System Updates its Q2 Guidance

    Landstar System, Inc. (NASDAQ:LSTR) provided a guidance update on Q2/23. Relative to its issued guidance on April 26, the company now anticipates revenue to be in the range of $1.325–1.375 billion (down 33% to 30% year-over-year), vs. $1.400–1.450 billion previously.
    It now expects Q2 diluted EPS to be $1.75–1.85 (down 43% to 39%) vs. $1.90–2.00 previously. The company’s updated guidance reflects truckload volume currently trending below Q2/22 by 16–18% vs. its previous guidance of a year-over-year decrease of 14–16%.


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